TuSimple aims to become profitable by revving up mass production of self-driving trucks and launching world’s first freight version of Waymo One by 2024.
Why
Trucking accidents
74% of all fatal passenger vehicle accidents in the US involve a large truck.
High labor costs
In the US, labor costs make up over 43% of truck freight cost per mile.
Shortage of drivers
The truck driver shortage in the US is expected to reach 160,000 by 2028.
Market
$4tn
Projected total revenue by 2025 for major road haulage markets including North America and China, based on CAGR of 5.5% from 2019 to 2025: Grand View Research.
The rest of the content is only available if you are logged in.
